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Biotech / Medical : Arena Pharmaceuticals (ARNA) -- Ignore unavailable to you. Want to Upgrade?

To: wolfgangrene who wrote (1932)	11/12/2013 12:07:45 PM
From: The Ox	Read Replies (1) \| Respond to of 2274

Hi wgg! I would much rather this market take a breather here than head farther north, simply because I think it's getting a bit frothy and a pause would serve the bull much better in the longer run. As with any pause or pull back, it can start feeding on itself very quickly and the last thing I'd like to see is a bear reversal. A small downward move or a month or 2 of sideways wouldn't bother me one bit. Rotation processes out of the latest winners into some of the laggards would service this market well. I find it hard to predict the intermediate course. I think I tend to be much better at both the very short term and the long term. I bought some VXX today near the low (at the market high) for a day trade and it's paying off very well at the moment. I like playing volatility XIV/VXX when they get to extremes ...but keep a tight stop and don't overstay the welcome!!